Will gold keep its bullish momentum?

Gold has finally broken out of the consolidation where it was stuck, but will it ultimately break above the 1300 level? God has been consolidating during the last 22 sessions between the 55 day EMA (purple line) and the 200 day EMA (blue line). During this Friday’s session, the price managed to break above its 55 day EMA at the 1283 level. The price of gold comes close to the 1300 level, but that zone may act as resistance. Gold still has not broken above the 1300 level. A breakout above the 1300 level will clear the road for gold to reach the peak at the 1357 level. To the downside, its most relevant support is the 200 day EMA at the 1268 level, due to the fact that the price has already bounced to the upside on several occasions from that moving average.